Questions answered by James J. D'Esposito

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How does a nonprofit corporation establish an oversees "sister" organization?

James's answer | Answered on August 10, 2016

I agree with Mr. Doland.; this is much too complicated for this forum You need to consult with a Corporate Attorney who is experienced with...

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Should I name just the corporation on the 3-day notice and subsequent UD or should I include the president's name?

James's answer | Answered on August 10, 2016

The corporation is the tenant and it is the one that should be named in the papers.

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If a dual citizen started up a business in America can they bring an employee from another country for example the UK?

James's answer | Answered on August 10, 2016

I am re-categorizing your question so that it may be answered by Immigration Attorneys.

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My father and I own a corporation together. 70% and 30%. We want to legal change ownership to 51% (me) and 49% to him.

James's answer | Answered on August 10, 2016

In addition, to Mr. Klasing's fine idea, the corporation could partially redeem your father's shares so that you hold 51%. The tax effect will...

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How do I remove my name off of a Llc business?

James's answer | Answered on August 10, 2016

An attorney would need to review the LLC's operating agreement to assess any provisions concerning withdrawal as a member and resignation as a...

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CA private corp: can the board subjectively approve/disapprove all share transfers?

James's answer | Answered on August 10, 2016

To answer your question, an attorney would need to review the corporation's by-laws and any shareholders, investor rights, and other agreements...

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Is it better to start new or do a d.b.a?

James's answer | Answered on August 10, 2016

You should form a new LLC, as it's a different business and your nephew will not have an interest in the existing business. You should consult with...

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Accepting sole responsibility for promissory note debt

James's answer | Answered on August 10, 2016

If your parents agree, they can release your ex-wife. If not, you can indemnify your ex-wife from the obligation to pay the debt evidenced by the...

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I am loaning my son $500k to buy a house. He will be the owner but what agreement to get my money back do I need

James's answer | Answered on August 10, 2016

You need a promissory note and a mortgage on the house. You should consult with an experienced Business or Real Estate Attorney to prepare the...

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Closing stage of business acquisition, Escrow Attorney's email was hacked, fraudulent wire information was distributed.

James's answer | Answered on August 10, 2016

It sounds like your best claim may be against the lender for failing to fund your loan. Any claim against the closing attorney would lie in...

James J. D'Esposito's Answers (7983)

How does a nonprofit corporation establish an oversees "sister" organization?

Should I name just the corporation on the 3-day notice and subsequent UD or should I include the president's name?

If a dual citizen started up a business in America can they bring an employee from another country for example the UK?

My father and I own a corporation together. 70% and 30%. We want to legal change ownership to 51% (me) and 49% to him.

How do I remove my name off of a Llc business?

CA private corp: can the board subjectively approve/disapprove all share transfers?

Is it better to start new or do a d.b.a?

Accepting sole responsibility for promissory note debt

I am loaning my son $500k to buy a house. He will be the owner but what agreement to get my money back do I need

Closing stage of business acquisition, Escrow Attorney's email was hacked, fraudulent wire information was distributed.